Fact sheet: Seneca Gbl Inc & Gth Tst

Fund information
Fund name
Seneca Global Income & Growth Trust
Fund manager company
Seneca Investment Managers Ltd
Fund type
Investment Trust
Fund managers
  • Peter Elstonsince 01/02/2016
  • Alan Borrowssince 18/08/2005
Accolades
Fund objective
The Company’s investment objective is to seek to outperform 3 Month LIBOR plus 3.0 per cent. over the longer term, with low volatility and the prospect of capital and income growth, through investment in a multi-asset portfolio. The performance is measured based on rolling three year periods.
Benchmark
  • 3 Month GBP LIBOR + 3%
Investment style
Active,Aggressive
Investment method
None
Quick stats
1 Year return
17.4%
1 Year rank in sector
10/15
Sector
IT Flexible Investment
Yield
3.8%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.52%
Fund size
£64m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
42
Mid price
160.25
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
162.38
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-1.31
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
110
Top in this sector
Fund name1 Year
UIL74.7%
JZ Cap Partners41.2%
Miton Gbl Opps PLC40.2%
Tetragon Fin Ord USD0.00139.8%
Henderson AltStgTrsPLC33.9%
...more in IT Flexible Investment

Performance snapshot

Holdings snapshot

  • Not Specified33.7%
    UK33.4%
    International31.1%
    Money Market1.8%
  • No data available.
  • UK Equities33.4%
    International Equities31.1%
    Others26.6%
    Global Fixed Interest7.1%
    Money Market1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%1.8%12.5%17.4%34.4%93.3%
Sector2.9%4.4%10.3%18.9%23.6%33.8%
Rank within sector10 / 1611 / 168 / 1610 / 156 / 141 / 13
Quartile3rd3rd2nd3rd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund1%14.3%11%6.1%25.4%
Sector1.9%14.5%3.3%3.9%5.7%
Rank within sector9 / 169 / 153 / 143 / 141 / 14
Quartile3rd3rd1st1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
4.82
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.79
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.91
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
7.64
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.74
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.46
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.23
Price movement
52 week high159.5
52 week low137.75
Current bid price159.5
Current offer price161
Current mid price160.25
Region
1Not Specified33.7%
2UK33.4%
3International31.1%
4Money Market1.8%
Industry sector
No data available.
Asset type
1UK Equities33.4%
2International Equities31.1%
3Others26.6%
4Global Fixed Interest7.1%
5Money Market1.8%
Individual holdings
1ABERDEEN ASIAN INCOME C3.8%
2INVESCO PERPETUAL EUROPEAN EQUITY INCOME ACC3.8%
3EUROPEAN ASSET TRUST3.3%
4AJ BELL HOLDINGS3%
5LIONTRUST EUROPEAN ENHANCED INCOME2.9%
6SCHRDOER ASIAN INCOME MAXI2.9%
7ROYAL LONDON SHORT DURATION GLOBAL HIGH YIELD2.2%
8FAIR OAKS INCOME FUND LTD NPV2.1%
9DORIC NIMROD AIR TWO1.9%
Management
Fund manager group
Seneca Investment Managers
Fund manager company
Seneca Investment Managers Ltd
Fund type
Investment Trust
Fund objective
The Company’s investment objective is to seek to outperform 3 Month LIBOR plus 3.0 per cent. over the longer term, with low volatility and the prospect of capital and income growth, through investment in a multi-asset portfolio. The performance is measured based on rolling three year periods.
Benchmark
  • 3 Month GBP LIBOR + 3%
Investment style
Active,Aggressive
Investment method
None
Fund managers
NameSinceBiography
Peter Elston01/02/2016Having joined the team as global investment strategist in November 2014, Peter Elston was appointed chief investment officer in April 2015 and to the board of the company in January 2016. He was appointed as a fund manager on the Seneca Global Income & Growth Trust plc in March 2016, and also has research responsibility at Seneca IM for asset allocation across all funds. Peter has previously worked in investment roles at Mercury and Aberdeen, largely based in Asia. He graduated in Oriental Studies from Trinity College, Cambridge in 1988.
Alan Borrows18/08/2005Alan began his investment career as an Investment Assistant at Merseyside County Council in 1980, rising to the position of Senior Investment Manager in 1987. In addition to managing traditional assets, Alan led the introduction of a wide range of alternative asset classes into The Merseyside Pension Fund. He was responsible for the Team’s first hedge fund investments in the early 1990s and for the introduction of structured products. Alan was also involved in the development of the private equity programme at Merseyside Pension Fund. Alan jointly founded Seneca Investment Managers Limited (originally Midas Capital Partners Limited) in 2002. Alan has been Lead Fund Manager on the CF Seneca Diversified Income Fund since launch in 2002. Alan is also the Lead Fund Manager of the Seneca Global Income & Growth Trust plc (formerly known as Midas Income & Growth Trust plc).
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Seneca Global Income & Growth Trust
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price160.44
CurrencyGBX
Price updated13/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJPF
Seneca Global Income & Growth Trust NFV
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)0.02%
Bid price-
Offer price-
Mid price162.38
CurrencyGBX
Price updated13/01/2017
Type-
Institutional or retail classRetail
Domicile-
Citi code0WPE
Seneca Global Income & Growth Trust NPV
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)0.02%
Bid price-
Offer price-
Mid price162.38
CurrencyGBX
Price updated13/01/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeEV17
Data provided by

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